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24 Feb 2015
Removal of the 'patient' wording wouldn't guarantee a June rate lift off – Fed’s Lacker
FXStreet (Mumbai) - Concerning the latest January decision, Federal Reserve Bank of Richmond President Jeffrey Lacker said on Monday that even removing the 'patient' wording from the statement, wouldn't guarantee a June lift off in rates.
He openly expressed his willingness to lift rates in June, describing the outlook as an "attractive option" in a speech delivered on February 10.
“At this point, raising rates in June looks like the attractive option for me,” he told reporters at the time.
“Data between now and then may change my mind, but it would have to be surprising data.”
Lacker is a voting member this year on the Fed’s policy-setting panel, the FOMC and his comments came just ahead of Fed chair Janet Yellen testimony before the Senate Banking Committee.
He openly expressed his willingness to lift rates in June, describing the outlook as an "attractive option" in a speech delivered on February 10.
“At this point, raising rates in June looks like the attractive option for me,” he told reporters at the time.
“Data between now and then may change my mind, but it would have to be surprising data.”
Lacker is a voting member this year on the Fed’s policy-setting panel, the FOMC and his comments came just ahead of Fed chair Janet Yellen testimony before the Senate Banking Committee.